Private Banks

Goldman adding staff in Singapore

Goldman Sachs plans to add about 100 staff in Singapore.

Goldman Sachs plans to add about 100 staff in Singapore, taking its headcount in the Southeast Asian financial hub to a record, according to an article in Bloomberg.

All of the new positions will mainly be in technology, and the appointments will take the number of employees in the city to more than 1,000, E.G. Morse, head of Goldman Sachs’ regional operations, said in an interview. About 60% of existing staff work in support and technology roles.

Part of the tech hiring will support the bank’s cash management operations, a new area of business for Goldman Sachs, according to Morse.